📊 Current Chainlink ($LINK) price is around 13.8 USD, with slight daily fluctuations, but the main focus is on institutional inflows and whale behavior.
💬 Market context:
The Bitwise Chainlink ETF (CLNK) officially began trading on NYSE Arca on January 14th. The management fee is 0.34%, with the first 3 months waived for AUM up to 500 million USD. On its first day, the fund recorded 2.59 million USD in net inflows, bringing AUM to 5.18 million USD. This is the second spot ETF in the U.S. directly linked to LINK, following Grayscale's GLNK.
📈 On-chain & liquidity flows:
✨Total AUM of LINK ETFs has reached 95.87 million USD, approaching the 100 million USD milestone.
✨Whales continuously withdrawing LINK from the exchange:
✨Wallet 0x10D9 withdrew 139,950 LINK (~1.96M USD), increasing total holdings to 342,557 LINK (~4.81M USD) over the past two days.
✨Wallet 0xb59 withdrew 207,328 LINK (~2.78M USD).
✨According to Nansen, LINK held by whales increased by +1.37%, while LINK on exchange decreased by -1% last week → accumulation trend.
🧠 Analysis:
CLNK opens new doors for institutional capital entering the oracle ecosystem. At the same time, whale accumulation and withdrawals from exchange indicate long-term holding vision. Short-term $LINK remains affected by overall market conditions, but the underlying capital flow structure is tilting more positively than distribution.
🛑 THIS POST IS NOT INVESTMENT ADVICE, PLEASE REFER FOR INFORMATION AND ALWAYS STAY SAFE IN THE MARKET. 😘